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Assignment:
Define some sources of data used for national income accounting. Once you have identified three or more, look them up and report what you have found.
You work for a company that supplies widgets in the Atlanta area, with demand of 500 units per month. The fixed order cost is $400 per order. The holding cost rate is $0.20 per unit per month. What is your optimal order quantity? how much space do yo..
Assume you were just hired for an office position at a Fortune 500 firm. You have $500 to spend on your work clothes. You shopping choices are limited to Old Navy, the Gap or Banana Republic, how do you spend your money and why? The Oprah Curve,” wha..
You are given the following information about the economy: the nominal interest rate = 8 percent, and the real rate of interest = 3 percent.
The national debt was $17 trillion at the beginning of the year and the government spends $900 billion on goods and services and pays $200 billion in transfer payments while collecting $500 billion in taxes during the year. The national debt at the e..
In 2014, we predict the demand curve for a product will continue to shift leftward, which will tend to lower price and quantity. However, with a lower price, supply will also decrease, shifting the supply curve to the left. A leftward shift of the su..
Use the t tables, software, or a calculator to estimate the values asked for in parts (a) and (b) below.
Many centrally-planned economics, such as the former soviet union, set price ceilings on agricultural products in an attempt to aid consumers. 1. Analyze the welfare effects of a price ceiling graphically. Assume for simplicity that the country does ..
Give your opinion on whether or not the current government of Canada is doing a good job protecting the health and safety of citizens during the COVID-19 pandem
In designing health promotion efforts, it is important to set clear goals and measure how successful you are compared to the money and time you invest. This is known as: a. Objectivity b. Diffusion of innovations c. Accountability d. Two-step flow
Draw an example of a monopoly with a linear demand curve and a constant marginal cost curve. Show the profit-maximizing price and output, p* and Q*, and identify the areas of consumer surplus, producer surplus, and deadweight loss. Also show the qua..
Does the repeal of Glass-Steagall Act in 1999 partially lead to the financial crisis in 2008?
The Law of Demand states that the demand for a product is inversely related to the cost of such product.
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